As thought leaders across our areas of expertise and industry specialisations, we regularly provide key insights and sector specific updates.
BackgroundThe Voluntary Administration / Deed of Company Arrangement (DOCA) restructure of Tikun, a medicinal cannabis cultivator, can be considered an industry first. This innovative and unique approach, realised by advisory and restructuring practitioners Stephen Earel and Barry Wight, Partners of Cor Cordis, allowed Tikun to successfully navigate a challenging financial situation while preserving its crucial… Read more
We’re proud to have been nominated for the TMA Australia 2023 Awards ‘Medium Turnaround of the Year’ for our successful restructuring of Mahercorp Pty Ltd. We achieved the first successful post-pandemic restructure of a major Victorian domestic home builder, in collaboration with Ashurst, Mawson and Gilbert + Tobin. Key outcomesThe formal restructure of Mahercorp, accomplished… Read more
The appointment is limited to the following entities: Other entities in the group are not subject to the appointment of Voluntary Administrators. Shaun Matthews and Barry Wight of restructuring advisory firm Cor Cordis have been appointed Voluntary Administrators of the Harmac Group on Tuesday, 22 August 2023. The Harmac Group is an experienced new home… Read more
Congratulations to our colleagues on their well-deserved promotions, effective 1 July 2023.Cor Cordis celebrates your achievements and the pivotal milestones you have reached. DirectorDaniel Murador, MelbourneJacob McCloskey, SydneyNicholas Lavan, SydneyStephen Mitting, Melbourne ManagerChelsea Thompson, MelbourneJerome Miranda, Melbourne SupervisorDaniel Girvin, MelbourneEddie Callahan, MelbourneMariella Polizzi, MelbourneSamantha Trikolas, Melbourne Senior Accountant 1Ethan Lim, MelbourneHarry Lovelock, MelbourneMacy Oyelowo, MelbourneMitchell… Read more
Also trading as Stephen Earel of restructuring advisory firm Cor Cordis has been appointed as Liquidator of Intensive Events Pty Ltd, on Wednesday 5 July 2023. Intensive Events Pty Ltd was placed into liquidation by the court pursuant to a creditor’s winding up application. The Lunar Electric festival scheduled for September 2023, which was originally… Read more
Cor Cordis is pleased to announce the promotion of Shaun Matthews to Partner of the firm, effective 1 July 2023. Cor Cordis CEO, Daniel Juratowitch says, “We are delighted to welcome Shaun to the partnership group. Shaun has consistently demonstrated exceptional leadership and applying forward-thinking strategies to deliver results for our clients.” “Shaun has gained… Read more
Cor Cordis Partner, Jeremy Nipps has been recognised in Business News’ Power 500, a list of the most influential business leaders in Western Australia. This is the second year that Jeremy was featured in the Power 500 publication, introducing WA’s top movers and shakers, specifically in the category of Dealmakers, Accountants and Lawyers. Jeremy is an… Read more
Daniel Juratowitch and Rachel Burdett of restructuring advisory firm Cor Cordis were appointed Voluntary Administrators of Trident Plastics (SA) Pty Ltd and Tranmor Enterprises Pty Ltd on 26 June 2023. Trident Plastics is one of the largest custom moulders in Australia offering a full suite of services from development and design, to manufacturing of plastics… Read more
In our recent retail industry whitepaper, ‘The great retail reset – fact or fiction?’ we analysed the impact Covid has had on the retail sector and how it has been forced to evolve, faster than probably anticipated, to meet changing consumer preferences and advancements in technology. To stay competitive in this dynamic landscape, retailers must… Read more
Many of us can recall instances where concerns about a trading partner eventually resulted in an actual event of insolvency. Furthermore, as practitioners, we’re familiar with the common ‘signs’ that are indicative of a business in distress. These warning signs, outlined in Table 1, can range from fundamental to potentially fatal, depending on the severity… Read more
Rachel Burdett and Barry Wight of restructuring advisory firm Cor Cordis were appointed Administrators for Coco Tribe Pty Ltd on Friday 26 May 2023. The directors of the company chose to place the company in administration once the company ceased trading two weeks prior to the appointment. The company has cited manufacturing issues and supply… Read more
Cor Cordis is pleased to announce that Rachel Burdett, Partner, has been appointed as President of ARITA and reappointed to the National Board, at the ARITA National AGM on 30 May 2023. “I will be focusing on collaboration, advocacy and promoting sustainable best practices during my tenure as ARITA President. It is imperative as practitioners… Read more
The government is set to deliver a surplus with this year’s budget. Touted as striking a balance between providing costs of living relief against rising inflation, many see it as a political surplus which does little to help those who have been struggling, and continue to struggle, in the current economic environment. While relief measures… Read more
Jeremy Nipps, Barry Wight, and Rachel Burdett of restructuring advisory firm Cor Cordis have been appointed Voluntary Administrators for Mahercorp Pty Ltd and House & Land World Pty Ltd on Friday 21 April 2023. Founded in 2002 by Steve Maher, Mahercorp had a vision to put the heart and soul back into building homes in… Read more
The COVID-19 pandemic has caused significant disruptions in the consumer goods retail industry globally. Retailers have had to adapt to changing consumer behaviours and preferences, with a particular acceleration towards online and omnichannel retailing. Retailers are facing challenges that are expected to last beyond the pandemic, adapting to a shifting landscape. The ability to embrace… Read more
FUNDSQUIRE PTY LTD (IN LIQUIDATION) ACN 637 115 658 FUNDSQUIRE HOLDCO PTY LTD (IN LIQUIDATION) ACN 654 546 086 SQUIRE TECHNOLOGY PTY LTD (IN LIQUIDATION) ACN 619 534 262 (collectively “Fundsquire Group”) Rachel Burdett and Barry Wight of Cor Cordis have been appointed as joint and several Liquidators of the Fundsquire Group, on Thursday 23… Read more
SurePact, a SaaS company based in Brisbane, needed a strategy to head off prospective financial distress. They needed a multi-pronged solution that addressed the future viability of the business, compensated their outstanding creditors and managed stakeholder expectations. Cor Cordis was engaged to resolve these complex issues impacting SurePact. Our Brisbane team adopted a successful voluntary… Read more
Cor Cordis is delighted to announce the appointment of two new partners, Robyn Karam and Tony Wright, effective 1 January 2023. In announcing the new promotions, Daniel Juratowitch, CEO of Cor Cordis, highlighted the recent growth of the firm and the importance of developing and nurturing talent from within the firm. “We welcome Robyn and… Read more
HILLGROVE MINES PTY LTD (ADMINISTRATORS APPOINTED)ACN 102 660 506HEBRIDES RESOURCES PTY LTD (ADMINISTRATORS APPOINTED)ACN 601 993 695FORTH RESOURCES PTY LTD (ADMINISTRATORS APPOINTED)ACN 169 014 797(collectively “the RVR Subsidiaries”) Jeremy Nipps, Barry Wight and Thomas Birch of Cor Cordis were appointed as Voluntary Administrators of Red River and its wholly owned subsidiaries Hillgrove Mines Pty Ltd… Read more
Cor Cordis, a leading national advisory, restructuring and insolvency firm, is proud to announce that it is increasing its footprint by opening another office location in Greater Western Sydney, signifying continued growth and development of the firm. With Greater Western Sydney emerging as a major driver of economic growth, with a growing population, an emerging… Read more
Director Penalty Notices are notices issued by the ATO that can make the directors of a company personally liable for the company’s tax obligations. The notice has two purposes – the first being to advise of the company’s tax liability and the corresponding penalty raised, and secondly to set out the options that may allow… Read more
We are delighted to announce that effective 1 March 2022, Tom Birch will join the Cor Cordis partnership as a leader in our Perth office. Tom has over 19 years’ experience, having commenced his career with Ferrier Hodgson (FH) before moving to KPMG. During his time with FH and KMPG, Tom has worked extensively on… Read more
ISHKA’ FORMER ADMINISTRATORS’ STATEMENT Any queries regarding Ishka should be made directly to the office of the Liquidators of Sahasrara Pty Ltd (trading as Ishka), as follows: Email: info@romaniscant.com.au Phone: (03) 9670 6544 Contact: Nick Borg Please do not contact our office. Background As you may be aware, Barry Wight and I were… Read more
This real estate industry update includes a SWOT analysis and some information and commentary on the Melbourne apartments market. Click here to view the full advisory update.
Cor Cordis delivers another major mining transaction, following the successful restructure and recapitalisation of the Adaman Resources Group. The Cor Cordis team, led by appointees Jeremy Nipps and Barry Wight, continued to operate the mine during the voluntary administration and deed of company arrangement periods, whilst undertaking a significant CAPEX program with the support of… Read more
The Partners of Cor Cordis are delighted to announce the appointment of Daniel Juratowitch as Chief Executive Officer of Cor Cordis, effective from 1 July 2021. Daniel is a founding Partner of Cor Cordis based in the firm’s Melbourne office. In addition to Daniel’s appointment, Bruno Secatore, who has been the firm’s Managing Partner since… Read more
Our firm is growing and the Partners at Cor Cordis are extremely proud to announce the appointment of Stephen Earel to Partner effective from 1 July 2021. Stephen has over 14 years’ insolvency related experience. He joined the firm as a Senior Manager in October 2016 when the Brisbane office was established. Over this time,… Read more
Cor Cordis is pleased to announce that Jonathon Parker, a partner in the Sydney office, has been appointed as the firm’s National Ethics Partner. The primary role of the National Ethics Partner is to act as a sounding board and assist fellow partners and colleagues resolve any ethical concerns that arise when performing client engagements…. Read more
Cor Cordis is pleased to announce that Rachel Burdett, Partner, has been appointed as Deputy President of ARITA and reappointed to the National Board, at the AGM held in Sydney on 25 May 2021. Rachel has been an active member and participant with ARITA for many years, contributing as a presenter, committee representative, trainer and… Read more
Cor Cordis is very pleased to announce the appointment of Neil Cussen as a new Partner in the firm’s Sydney office, effective 1 February 2021. Neil joins us from Deloitte where he was a Partner. He has 35 years of experience in the Insolvency and Reconstruction industry, 20 years as a Partner. During this time… Read more
The team, led by Barry Wight and Lou Todesco, were assisted by Colliers International in the landmark sale of the former St Leo’s College site in Box Hill South – a 50,116sqm residential infill development site. Over 200 enquiries were received and 13 bids placed on the property, which sold for $61 million. Cor Cordis… Read more
Barry Wight and Bruno Secatore of Cor Cordis were appointed as Receivers and Managers of the established and leading stationary brand kikki.K on 10 March 2020. kikki.K is a retailer with a network of stores in Australia, an ecommerce site that ships to approximately one hundred and fifty (150) countries worldwide and a growing wholesale… Read more
Cor Cordis is pleased to announce that Rachel Burdett, Partner has been re-appointed as Chair of the ARITA Vic/Tas Division Committee and to the ARITA National Board. Rachel has been an active member and participant with ARITA for numerous years, contributing as a committee representative, trainer and workshop leader. In 2019 she was appointed Chair… Read more
COVID-19 is having an enormous impact on communities and businesses around the world. Navigating the financial impact to minimise its effect and creating a platform for future opportunities requires careful consideration of the information and options available. This is followed with the formation and timely delivery of effective strategies. Our team are experts in dealing… Read more
In these difficult and challenging times, many accountants will have clients coming to them seeking advice and looking for options in relation to current ore anticipated financial distress. The options available to your clients will depend on their solvency status. This article covers the concept of corporate insolvency, how this affects the options available to… Read more
Michael Sklovsky Pty Ltd (Administrators Appointed) – Trading as ISHKA. The Supreme Court of Victoria (the “Court”) has, on 18 March 2020, made Orders granting an extension of the voluntary administration’s convening period up to 20 June 2020. A copy of this Order, along with a circular to relevant stakeholders, are enclosed. Click here to… Read more
We want to provide a brief update to all our clients and contacts on how we are dealing with the unfolding COVID-19 pandemic, given our business focus is on assisting and advising clients facing difficult and distressed times. We have developed an internal pol icy and guidance allowing our team to work from home /… Read more
Cor Cordis confirms the appointment of Rachel Burdett and Barry Wight as Administrators of Michael Sklovsky Pty Ltd (Administrators Appointed) trading as Ishka on 20 February 2020. Rachel Burdett of Cor Cordis says “We confirm our appointment as administrators of the ISHKA business. We will hold an initial creditors meeting in very early March. We… Read more
Cor Cordis is very pleased to announce the appointment of Jonathon Parker as a new Partner in the firm’s Sydney office, effective 3 February 2020. Jonathon joins us from Deloitte where he was a Director in their Financial Advisory Restructuring Services practice. He has worked in both the Australian and UK restructuring and insolvency markets, has… Read more
Whilst not negating the importance of long term profit and strategic imperatives, understanding your working capital cycle and how you create liquidity is often over looked. To maintain effective and efficient working capital , a company must manage the four key elements of working capital , being: cash, debtors, creditors and inventory. The latter three… Read more
